Note as well that supermx volume during this downtrend has been high as well about 400k lots daily. Its a serious downtrend. Buyers fighting with sellers, buyers lost. That what it means.

Wait for my cue. When i buy this supermx, you follow me. But not yet, net yet. My charts says not yet.

Exactly as per my chart. Gpacket will hit 0.82 b4 lunch tomolo. Had u followed me buying at 0.67 you will make 20% b4 lunch tomolo.

Supermx is still in a downtrend mode. It will break below todays low of 15.90 tommorow or the next day.

Gpacket previous high on 08july was 0.675. Once it moves above this, then its a breakout n a buy. Not that difficult if you know what you t doing. However skeptical you may be, it will move higher to 0.82. Its a magic of charting. Follow me n buy it now.

GPACKET is a BREAKOUT TRADE. You buy now n you can sell at 0.82 for 20% gain as soon as tommorow.

GPACKET is a BREAKOUT TRADE. You buy now n you can sell at 0.82 for 20% gain as soon as tommorow.

It is on of a descending triangle chart formation with 3.01 base. It will drop below this base as soon as tommorow n head towards 2.20.

Downtrending in progress.

12/8 hit 18.08, rebounded n dropped lower below this

14/8 hit 17.20, rebounded n dropped lower below this

Today 17/8 hit 15.90, rebounded n WILL DROP LOWER BELOW THIS in a day or two

Lower lows => DOWNTRENDING

The move to 14.40 - 15.00 is now delayed by 1 - 3 days but it will get there. Wait.

Afternoon will drop below 15.90. Tommorow will go lower. Wait patiently. I am waiting as well.

Current price 17.50. Technical update. MACD has staged a deadcross. It will now in 1 - 3 days time to hit its 50 day simple moving average 14.40 - 15.00. Another 2.40 - 3.00 drop from here. This is your buy range for a technical rebound play. Wait patiently. Because i am good at this. Very good.

Dhimant, your total comment so far is ONE. I'm a lot smarter than you think i am.

Anyway, back to REAL WORLD.

12 Aug 2021. Supermx share price is trading at 7.20. This one lucky chap stares into the horizon with a grin on his face n says "Exactly a year ago i sold this supermx at 21.20. What a year it was. I bought a million$ during covid crash at 1.47 n got out of it at 14mil$. It went as high as 24.60. It was crazy times. Analysts in town all scrambling to raise their tp. Some even went as high as 40.00 or even 50.00. I sold the moment the russian president announced they hv found a vaccine. I knew then bad times lie ahead. Many people got burnt quite badly as during the initial drop from the peak, they thought it was just another correction"

No impact? What do you mean no impact. It has dropped some 27% or 6.68 from 24.60 peak to 17.92

At end of day after it announced its fantastic results, this one chap sort of bragging that his hands got tired clicking buy orders that day when price dropping from 24.00++ to 22.00++. Earlier on i said this market was selling on news. And when he bragged i told him that his lack of experience had caused him to go all in on the wrong side of trades. Bcause market selling on good news is never a good thing bcause it would drop lower ahead.

Why when profit increased so much q to q, price has dropped 27%. Whats going on in the market is completely different than whats going on in yr head. Thats the answer. Go figure.

I repeat my answer: much earlier arrival of vaccine than previously thought would kill demand for gloves much earlier. It only takes 2 months to transform from overloaded busy hospital into quiet empty beds. You will see cancellation of glove orders. Market flooded, price dropping quickly. Newly added production lines will lie iddle. Additional workforce retrenched. New entrants cancelling their project to build factories. Those that just about to start production will suffer heavy losses n sell their factories to scrap yard.

What is more damning? This vaccine will kill or infact is already killing market/trading sentiment before it kills the virus n demand for gloves. Even company making huge profit, people dont want to own it bcause its ultimate route or destination is to the shit house. Got it? If you are not intelligent enough, you wont get it.

Its a question at what point you recognize that a bull has transformed into a bear. The talented ones like myself see it early. There were about 3 people here seen it coming when it was trading at 23.00/24.00.

As price went down more n more people recognised it n changed their mind.

After lunch friday one fund dumped it cutting all queues at 17.88 for 17000 lots or 30 mil $ just with a click of a button. Why? Bcause he saw its paws clearly n was of the view that this animal is no longer a bull.

If you do not recognize this bear until the end, you would be holding it with huge losses until it trades well below 10.00.

You know what they say, cut your losses short.

Russian vaccine is a bad news but not THE bad news. It is like a small fire that limped these glove share prices. Plenty of BAZOOKAS lie ahead that will kill this glove rally for good.

Russian vaccine. The difference between phase 2 trial n phase 3 trial is phase 3 trial involves large no of people over longer time to track its effectiveness n negative side effects. Any statistician will tell you that small sampling of population n big sampling makes little difference. Thats why merdeka center polling of only 2000 people just b4 an election does accurately reflect the actual election outcome of millions going to polling stations.

Google. Plenty of reading materials that phase 1 & 2 trials of this russian vaccine passed superbly. Perfect n beautiful.

The BAZOOKA here is after deployment of this vaccine across russian population, new infected cases in russia comes down drastically. As they hv already started production yesterday, this BAZOOKA will emerge soon to shoot yr backside out of shape (i.e. you suffer big losses due to further big drop in prices of glove shares).

Other BAZOOKAS at any moment:

China vaccine. As covid started in china, it would be a perfect psycho cure for chinese govt if china vaccine is the cure. Tremendous pressure for chinese scientists to come up with this BAZOOKA as quick as possible.

Trump vaccine. Its a live or die situation for trump going to nov election. A vaccine b4 that would save him from election loss. By hook or crook this BAZOOKA will come out soon n this is the big one.

Andreatan. I respect yr opinion. But there is certain chart pattern that is repeating again n again. You look at comfort, carepls, notion, hlt, lkl. Sharp upward move in a few days n sharp downward move with no rebound when rebound has been overdue. When no rebound came past the rebound window, there wont be any rebound. Its bursting of a bubble. They will stay low. These are small caps where the trend pace has been fast.

The big caps supermx, top glove & harta displaying similar pattern but the pace has been slower.

They are all doing the same thing. Its the inherent trend taking root in these trading of glove/medical supply companies. Trend formed as a result of serious strong buying and serious strong selling due to factors what the market is digesting - whatever that might be.

I speculate here that the big factor this market is factoring in here is market is offsetting current + near future strong profit against the inevitable major loss of revenue when covid is gone. The real variable here is time. How fast covid will go away. Market as a leading indicator, reacts 6 months ahead of time.

RUSSIA HAS STARTED ITS VACCINE PRODUCTION & will roll it out END OF AUG. That is to their frontliners first - doctors/nurses. You can say a month later end sep/oct to their population. As it takes only 21 days to achieve immunity, you should see new infection rates coming down drastically in russia in nov/dec. This is because their phase 1 & 2 trials were a complete success - all subjects achieved immunity in 21 days n that immunity strength doubled with 2nd dose. That is 3 or 4 months ahead.

Knowing all these, do you want to rush in now to buy supermx or rush out, to avoid further losses or see you huge gain evaporates?

MOSCOW (Reuters) - Russia has started manufacturing its new vaccine for COVID-19, the Interfax news agency reported on Saturday, citing the health ministry.

Russia has said the vaccine, developed by Moscow's Gamaleya Institute and the first for the coronavirus to go into production, will be rolled out by the end of this month.

=> Roll out by end of this month. That is AUGUST for those whose brain is dead.

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Looking further up the horizon, after the initial uturn, the US market will become nervous about the outcome of the nov 3 election. If trump wins, market will jump. If he loses, markets will crash. Bcause when you remove the trump the businessman magic out of the equation, market will crash.

Come over lar. I teach you a thing or two about markets. Dont just talk cock. Cock here, cock there.

For now, move into 100% cash. Stay sidelined.

9.30 pm opening bell on wallstreet. Tonight will provide a confirmation that the run up from march low has ended. Its called a double top. Both the dow & snp should come down. The same goes for oil. Track these for 2 weeks. You will see a trend. That the strong run from march is making a uturn because economies are bad. Take money off the table. Bcause this is what will weigh on markets going forward.

Let me teach you a little about market. If you look at all these hlt, carepls, notion, comfort, lkl etc look at their charts. They moved up strongly n came down strongly. To come down 4, 5 days without rebound is too long without rebound meaning they coming down to stay down. This down move is not over. This is the current state of affair of this glove mania.

Next when they get very low, one last rebound n down to move sideways in tight range. Next in the longer time horizon to fall down from this range.

For those of you still clinging to hope, take the que from what this market is telling you. It says: sell. Hope will kill you in this business.

A case study: how this market turns a so called otb sifu into a true idiot.

At 24.00 the very peak he came out to brag with his inflated asshole, that he had equal number of shares in both supermx n top glove. Why? Bcause his emotion was looking towards 30.00, 40.00 or even 50.00. The same for any other other idiots at the time. His emotion screwed with his decision making where he should sell instead of brag. At the time i said it was peaking out n to come down from peak.

Now on the way down, his emotion will again work against him. Because he did not sell at 24.00 n his target much higher than 18.00, this emotion will again screw him where he should sell now instead of hold.

You need to manage your emotion n recognize where the masses are making mistake to become a true sifu, like me.

You think people want to get trapped ka? Of course they dont.

You think its a simple plain looking trap that you can avoid ka? No. Its a very sophiticated trap. It moves higher than it drops lower, it moves higher than drops to a lower low.

Then up to a certain level it moves sideways. Then you say to yrself no worry only 20 - 30% paper loss n you r a good smart long term investor holding for longer term. It will recover n you will recover yr paper loss n even will go on to make money.

Then after some time it drops another leg lower. This is to give you greenhorns how people lose big money in these things.

Market is not simply about sitting at a table & calculate numbers. A lot more to it than calculation. Its about future prospect & negative outlook. When sentiment hits boiling point n the only way to go is up, then that when it hits its peak (24.60).

Otb, for the second time, go hide lar. Behind batu cave there got a quiet nice cave. Only come out when the price crosses 20.00. You will not come out from that cave even after a generation come & go.

Otb, go hide lar. No shame ka you?? Your dignity already down to yr ass. It will only go lower from here.

Its the trend that is taking root in the market across the glove world. If you fight this trend, even 100 lorry loads of cash wont be enough. Like throwing cash into flowing river.

Thats how this glove mania will end. If you dont know what you are doing, you will end up losing 50 - 75% of yr money.

Post removed.Why?

Post removed.Why?

Its downtrending direction is towards 15.00. Understand ??

Its not down. Its downtrending. Understand??

Blood oozing out from ass oredy? Not yet? Wait, a lot more to come. Next, not today, it will target 17.20 today's low.

I say it again. Going forward its not about glove or vaccine. Its about the march low rebound of world markets coming to an end. Its about markets correcting to negative growth or recession in real economies. Everything will go down from here. Do not fight this force. You will never win.

Some idiot fund is artificially pushing against the market. What he is really doing is only delaying the fall. The fall will come bcause the market will go where it wants to go => 15.00++

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The next thing that will take it down is wallstreet. Bcause wallstreet has just completed its double top formation. It will now make its bearish move n take the whole world markets down with it.

If you are experienced enough, just one look at the chart, you know its bearish. It is a 4 day formation of a bearish posture.

18.36. Dont buy bcause the chart is a clear cut 200% bearish. This is the last bounce b4 going to crash below 18.08. Another bear trap.

Stay away. 18.08 will break. Bcause market is weak n today is friday, weaker in afternoon.

18.16. Have a spooky feeling? Its because this 1.26 drop is only 25% of its downside move. Another 3.00++ to go. Its only 8 cents away from its major cliff 18.08. This is its recent intraday low 2 days ago.

3.15. If you are not a fast trader, do not buy here. As i said chart says it will drop below 3.01 recent low n head towards 2.30.

I called 24.00 the market top

I called yesterday's move to 20.00++ a dead cat bounce.

I hv been right so far.

Now i say it is on its way down to 15.06 with shallow intermittent rebounds.

I give you a serious target price now. It will drop below 12aug low of 18.08. The drop below this point is the height of the candle that day. That wud take it to 15.06.

I repeat: FIFTEEN O SIX

Up to a point where you must admit that what is going on in the market is completely different than what is going on in your head. Then you need to hit that exit button. The earlier you reach this point, the better off you would be.

Post removed.Why?

Subject: Supermax

Diagnostic: Vaccine coming to kill demand for gloves

Outlook: Very negative

Target price: 12.00

Action required: Sell

The chart says it will drift lower in a few days to recent intraday low 3.01 n quickly drop off this cliff to 2.30. I pitty you thats why i write this. Please get out now while it is still holding above 3.40.

Vaccine otw to kill demand for gloves. Outlook is very negative for all glove/medical stocks.